A day in crypto can be like a week in 'normal life'. Since we last wrote this column, the SEC all but approved an ETH ETF. A first major bill to regulate Crypto, known as FIT21, went through Congress with bi-partisan support. Republican Presidential Candidate Donald Trump started accepting donations in Cryptocurrency and publicly voiced support for the industry. President Biden's administration, concerned to be alienating pro-crypto voters for no obvious gain, quickly followed suit in altering its course. Industry insiders report that the hostility that the Crypto industry previously faced in Washington has reduced substantially in a matter of a week. Suddenly policymakers are looking for 'dialogue'. This has emerged most visibly with the approval of Exchange Traded Funds (ETFs) for Ethereum Spot. Until as late as last week, odds for an ETH ETF approval by the May deadline seemed exceedingly low. The SEC was instead looking to fight the Ethereum Foundation in cour...
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